Shares of Adani Group companies on Monday fell by up to 7 per cent following reports that three companies in the group have pledged additional shares to SBICAP Trustee Company, a company in the State Bank of India group.
During the intraday trades, stocks of the companies fell up to 10 per cent.
Shares of Adani Total Gas, Adani Power, Adani Transmission, Adani Green Energy, NDTV and Adani Wilmar fell by around 5 per cent each. Adani Enterprises plummeted by 7.03 per cent, Adani Port by 5.25 per cent, Ambuja Cement by 5.17 per cent and ACC Ltd by 3.06 per cent.
